AVP, Central Dealer

Maybank Investment Banking Group; Singapore; On-site; SGD 120,000 - 180,000; Full time

Job summary

Maybank Securities in Singapore seeks a seasoned Dealing professional to execute trades for our retail and institutional clients, monitor order flow and ensure timely communication of trade statuses via email or phone. You will uphold best execution standards and support relationship teams across Maybank IB and subsidiaries.

The role operates on US market hours with Asia night sessions, requiring a strong grasp of equity markets and CMFAS modules.

Qualifications

• Aware of latest markets news and company announcements.
• Familiar with equity market workings and Asia night market sessions.
• Bachelor's Degree in Business, Finance or related fields.
• CMFAS modules required: 1A, 2A, 5, 6 and 6A (RES 1A, RES 2A, RES 5, CM-EIP, CM-SIP).

Responsibilities

• Execute trades for retail and institutional clients and ensure timely status updates.
• Ensure clients trade within credit risk limits and regulatory requirements.
• Manage order placement for US, OTC, CFDs and prime brokerage activities.
• Inform TR and clients of order status; provide timely reporting to clients and internal teams.
• Liaise with CFD vendors for system fixes and develop SOPs for US order execution.

Education

Bachelor's Degree in Business, Finance or related fields

Job description

Maybank Securities, a leading brokerage and investment bank with a reach extending across ASEAN, the UK and the US, offers a comprehensive suite of services. These include corporate finance & advisory, navigating debt and equity capital markets, derivatives trading, brokerage and research for both retail and institutional investors, and prime brokerage.

Job Description:

• As a member of Central Dealing team, you will report to the Dealing Manager and be responsible for trade executions for our clients and other related activities.
• To ensure the retail clients and Trading Representatives (TR) are qualified to trade in US shares and ETF according to regulations.
• To ensure the retail clients and TR are trading within their credit approved risk profile and limit.
• For OTC counters, we need to ensure clients and TR obtain pre-approval from credit and meet the prerequisites criteria for purchases of OTC counters.
• To ensure execution of orders to the designated brokers for institutional clients and retail clients in order to prevent settlement issue.
• To inform TR and clients of their orders status by end of the day such as via email or phone call.
• Provide timely reporting and communication of trade/order details to retail clients, TR, Maybank IB and Maybank Securities subsidiaries.
• Timely and accurate trade execution of orders for aforesaid clients and subsidiaries
• Service quality to aforesaid clients and subsidiaries
• To manage order placement/withdrawal of US orders for online retail clients and Trading Representatives (TR)
• To assist TR and retail clients with their US order placement and trade enquiries
• To assist Maybank IB –KL and Maybank Securities overseas subsidiaries with their placement of US orders
• To assist CFD clients and TR with their placement of US orders and enquiries
• To liaise with CFD vendors for system fix in the event of system breakdown
• To assist Forex clients with their order placement and enquiries
• To develop and maintain SOP for US order execution
• Assist with the execution of Options Trading for Prime Brokerage

Qualification and skillset requirement:

• The role will require the candidate to be aware and informed of the latest markets news and company announcements.
• The candidate should be familiar with the equity market and its workings. It will require the candidate to work during Asia Night market trading sessions.
• Candidate must possess at least Bachelor's Degree in Business, Finance or related fields.
• At least 6-8 Year(s) of working experience in the related field is required for this position.
• Meticulous in trade executions.
• The working hours will be aligned to US market trading hours, from 9:30pm to 4:00am, Monday to Friday. During Daylight Saving Time, the hours will shift to 10:30pm to 5:00am. A night desk allowance will be provided.
• Candidate should have passed all the required CMFAS modules required for the role ie Modules 1A, 2A, 5, 6 and 6A (equivalent New modules effective 1 April 2024, Modules RES 1A, RES 2A, RES 5, CM-EIP, CM-SIP).

We regret that only short-listed candidates will be notified.